Which professional skills value more under digital transformation?
ISSN: 0144-3585
Article publication date: 14 December 2021
Issue publication date: 18 October 2022
Abstract
Purpose
This study seeks to explore the demand side of the labour market influenced by the digital revolution. It aims at identifying the new composition of skills and their value as implicitly manifested by employers when they look for the new labour force. The authors analyse the returns to computing skills based on text mining techniques applied to the job advertisements.
Design/methodology/approach
The methodology is based on the hedonic pricing model with the Heckman correction to overcome the sample selection bias. The empirical part is based on a large data set that includes more than 9m online vacancies on one of the biggest job boards in Russia from 2006 to 2018.
Findings
Empirical evidence for both negative and positive returns to computing skills and their monetary values is found. Importantly, the authors also have found both complementary and substitutional effects within and between non-domain (basic) and domain (advanced) subgroups of computing skills.
Originality/value
Apart from the empirical evidence on the value of professional computing skills and their interrelations, this study provides the important methodological contribution on applying the hedonic procedure and text mining to the field of human resource management and labour market research.
Keywords
Acknowledgements
This study comprises research findings from the project No. 18-18-00270 supported by the Russian Science Foundation.
Citation
Paklina, S. and Shakina, E. (2022), "Which professional skills value more under digital transformation?", Journal of Economic Studies, Vol. 49 No. 8, pp. 1524-1547. https://doi.org/10.1108/JES-08-2021-0432
Publisher
:Emerald Publishing Limited
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